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- In 2023, 2% of Canadian businesses were hit by ransomware, with 12% of them paying ransoms, some exceeding $500,000.
- Businesses spent $1.2 billion recovering from cyberattacks, a significant rise from previous years.
- The overall cost of cybersecurity, including prevention, rose to $11 billion, highlighting the growing financial toll on companies.
Rising Cyberattacks Force Some Canadian Businesses to Pay Large Ransoms
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